Bloomberg: Polymarket Targets Fresh Raise at a $20B Valuation
TL;DR Polymarket is reportedly pursuing a new funding round at a $20 billion valuation, following a previous financing completed at a $15 billion valuation earlier this
Kalshi (Latest Publications)
Judge Denies CFTC’s Emergency Bid to Halt New York’s Case Against Kalshi
TL;DR: The CFTC requested an emergency temporary restraining order to block New York’s lawsuit against Kalshi, but the request was denied. Judge Jed S. Rakoff determined
Kalshi CEO Defends Prediction Markets, Citing Nasdaq, Uber and Airbnb Amid New York Lawsuit
TL;DR: The New York Attorney General filed a lawsuit against Kalshi, seeking at least $36 billion in compensatory damages. According to records on The Block Data
July Trading Volume on Kalshi and Polymarket Surged to Record Levels in July
TL;DR Kalshi, Polymarket and Polymarket US generated $50.59 billion in July volume, rising 7.8% from June and setting a monthly record for prediction markets. Kalshi led
New York Files Lawsuit Against Kalshi Over Alleged Illegal Gambling Products
TL;DR Legal Action: New York’s lawsuit against Kalshi seeks to halt its event contracts, impose steep financial penalties, and recover alleged unlawful gains. Regulatory Clash: The
Gabriel Perez Exits Government Over Kalshi Bet Claims
A White House official said Gabriel Perez, a teleprompter operator previously placed on unpaid leave over allegations involving Kalshi bets tied to President Donald Trump’s speeches,
44 State Attorneys General Challenge CFTC Authority Over Sports Prediction Markets
TL;DR State Challenge: Forty‑four attorneys general told the CFTC its proposed rule on sports Prediction Markets exceeds federal authority and intrudes on areas states traditionally regulate.
Kalshi and Polymarket Score a Key Court Win With Minnesota Ban Put on Hold
TL;DR Injunction: A federal judge paused Minnesota’s SF 3432, giving Kalshi and Polymarket temporary relief. At the same time, the court reviews whether the law is
Kalshi launches Midterms Hub to position itself as America’s election‑odds reference
TL;DR Kalshi launched its Midterms Hub, a real-time odds tool for the U.S. Senate and House elections taking place this November. The platform recorded $31 billion
Talos and Kalshi unite to deliver institutional access to prediction markets
TL;DR Talos integrated Kalshi into its institutional infrastructure, allowing users to trade event contracts and crypto perpetuals without establishing a separate connection. The notional volume of
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